The Bucharest Court of Appeal has decided in favor of the release of Irina Socol from prison and placed her under house arrest instead, according to Mediafax newswire.
The former president and general manager of Romanian software developer Siveco is investigated for fiscal evasion. The court has ruled that she wears an electronic surveillance device while on house arrest. She is also forbidden to leave her house without the approval of the court during this time.
Socol must appear in front of the prosecutors anytime she is called and is forbidden to communicate with the other defendant in this case, Aurora Ecaterina Crusti, deputy- commercial vice-president of Siveco Romania, as well as with suspects Tiberiu Grabany and Dumitru Constantinescu.
The Court of Appeal’s decision is the result of the appeal made by Socol after on October 22, the Bucharest Court had decided that she should be investigated while in prison.
“The Court admits the request of the accused regarding replacing the measure of preventive arrest with the measure of house arrest. The court rules in favor of replacing the defendant’s preventive arrest with house arrest (…), a measure that will be made for a period of 30 days,” according to the decision of the Bucharest Court of Appeal.
The Bucharest Court decided on September 9 to arrest the two Siveco officials. The prosecutors alleged that Socol was the one that set up the financial scheme which involved the company she founded, aided by several accomplices, who confessed their deeds.
Several companies are currently under investigation by the fiscal authorities on tax evasion charges, among which Romanian software developer Siveco. The estimated damages stand at EUR 10 million in total, according to Mediafax newswire.
Siveco is part of this financial web, being suspected of falsely acquiring services for the creation of IT programs from various dummy companies. The programs were not developed in reality, which created damages of EUR 3 million to the state budget. Some of the companies that allegedly supplied IT services to Siveco belong to several Rroma citizens in Sintesti. Following the searches, the investigators seized computers and documentation.
In mid September, Siveco announced that Florin Ilia is the new president of the administration board and general manager of the company.